GMO

The July 2014 issue of Research magazine looks at the future of financial advice from multiple angles. The cover story, "Next-Gen Advisors Have Arrived," profiles four up-and-coming young advisors in the Los Angeles area.

In a bold attempt to reframe retirement investing, investment firm GMO proposes a new model for portfolio management whose glide path might potentially look “nonsensical,” its authors admit, but which may help retirees minimize the risk of running out of money.

While many institutions and advisors have put money into smart-beta vehicles, there are as many asset managers and industry observers who are skeptical, to put it mildly, of smart-beta proponents’ claims.